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The Institute for the Fiduciary Standard

A resource site for investors, brokers, academics and the media.


Building a fiduciary culture of honesty, integrity, and expertise.

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Blog

Extraordinary Study Reveals Widespread Broker Misconduct

By Knut Rostad on March 8, 2016

Researchers at the University and Chicago and Minnesota last week published an extraordinary study on broker misconduct.

Why Trump and Sanders Matter to Financial Advisors

By Knut Rostad on February 16, 2016

The Trump-Sanders campaigns are loud, boisterous and relevant to the quiet and somber world of finance and financial advisors. Relevance perhaps best expressed in the first question Noonan says voters must answer “Yes” before electing Trump president, “Is he at all a good man?”

Debate on Fiduciary Is Over; Battle for ‘Best Interest’ Rages On

By Knut Rostad on January 27, 2016

Advisors can make a difference in this battle in this new world. They can speak out for fiduciary advice and, as important, against visible faux fiduciary actions and practices.

The Good News for Fiduciary Advice in 2015

By Knut Rostad on December 22, 2015

Last week’s victory in Congress for the Department of Labor’s Conflict of Interest (COI) Rule is the best news for fiduciary advice since the March 30, 2007 FPA victory over the SEC in the so-called Merrill Lynch Rule.

Do broker-dealers and independent brokers speak in one voice?

By Knut Rostad on November 10, 2015

That brokers and BD firms appear to hold such divergent views of core fiduciary requirements may be explained in numerous ways.

Fiduciary September 2015: A Historic Time for Fiduciary Advice

By Knut Rostad on September 1, 2015

Securities and Exchange Commission

Today marks the beginning of Fiduciary September 2015, the month declared four years ago by the Institute for the Fiduciary Standard as a time to commemorate why fiduciary duties in financial advice matter so much to the markets and investors.

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Dan Moisand

 

Dan Moisand is a nationally recognized fiduciary fee-only financial planner, an Institute Real Fiduciary™ Advisor and Chair-elect of the CFP Board.

The Institute has enshrined the ‘Moisand Rule’ on fiduciary practices. It is basic and is more important today than ever: “You have to avoid conflicts. If I avoid a conflict, I don’t worry about it.”

Watch the video of Moisand speaking here.

Bob Veres

 

Bob Veres is a long term observer of financial planning. His Newsletter, “Inside information” Is a staple of leading planners. In the May edition he writes about fiduciary and the Institute.

"But a much bigger point is that the fiduciary standard—as Knut Rostad of the Institute for the Fiduciary Standard has pointed out—has been determined by the Supreme Court (1963 ruling) to be at the very heart of the Investment Advisers Act of 1940. It is the foundation of what it means to be an RIA registered with the SEC instead of a tipster or a tout."

- Bob Veres, Parting Thoughts ... The SEC's Own Compliance Culture

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